Bill > HB0185

This bill amends existing Utah law to establish new regulations and oversight for carbon credits, which are defined as payments or financial compensation for reducing or preventing greenhouse gases from entering the atmosphere, excluding certain industrial uses of carbon dioxide and water rights. The State Auditor will now be responsible for maintaining a list of reported carbon credit transaction information and reporting this data to a legislative subcommittee. Additionally, a new "Carbon Credit Litigation Fund" is created, managed by the Attorney General, to receive money from judgments, settlements, or compromises related to alleged violations of laws concerning the sale or marketing of carbon credits or violations of the new carbon credit transaction laws. This fund can be used to prevent federal mandates like cap-and-trade programs or mandatory emissions reporting, and to recover carbon credits lost through fraudulent sales. The bill also clarifies that state entities selling carbon credits must obtain a digital identification number and report specific transaction details to the State Auditor, and that any carbon credit created or purchased by a state entity remains under that entity's control.

Budget and Finance

https://le.utah.gov/~2026/bills/static/HB0185.html